Attorney General James and CFPB Shut Down Predatory Debt …

May 23, 2022 · NEW YORK – New York Attorney General Letitia James and the Consumer Financial Protection Bureau (CFPB) today shut down a predatory debt collection operation that …

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NY AG Shuts Down Predatory Debt Collection Operation Based In

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May 23, 2022 · The AG said the operation attempted to collect debts from up to about 293,000 consumers, generating gross revenues of approximately $93 million between 2015 and 2020.

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Attorney General James And CFPB Shut Down Predatory Debt …

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May 24, 2022 · AG James and CFPB Ban Debt Collection Operation from Industry, Require Them to Pay $4 Million in Penalties and Damages Debt Collectors Used Illegal and Deceptive …

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Attorney General James Delivers $2 Million To Erie County To …

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Oct 4, 2022 · In recent years, Western New York has become a hub for debt collection businesses, many of which use deceptive and abusive tactics against consumers. In May, …

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FAQs about Attorney General James and CFPB Shut Down Predatory Debt … Coupon?

Did CFPB shut down a predatory debt collection operation?

NEW YORK – New York Attorney General Letitia James and the Consumer Financial Protection Bureau (CFPB) today shut down a predatory debt collection operation that used deceptive and abusive tactics to illegally collect millions of dollars from hundreds of thousands of consumers . ...

What does New York's attorney general's action mean for the debt collection industry?

“Our action with the New York Attorney General bans the ringleaders of this operation from the industry to halt further misconduct.” “This debt collection operation used illegal and deceptive tactics to prey on consumers, and now they are paying the price for the harm they caused,” said Attorney General Letitia James. ...

Did New York shut down a debt-collection operation?

New York Attorney General Letitia James and the Consumer Financial Protection Bureau said Monday that they have shut down a debt-collection operation that had been collecting debts using illegal measures. The operation, based in Getzville, N.Y., had allegedly been targeting consumers nationwide since 2015. ...

Why are predatory debt collectors paying the price?

“This debt collection operation used illegal and deceptive tactics to prey on consumers, and now they are paying the price for the harm they caused,” said Attorney General Letitia James. “Predatory debt collectors make their profit by targeting hardworking consumers and then illegally saddle them deeper into debt. ...

Will CFPB ban a debt collection operation?

As a result of today’s action by Attorney General James and CFPB, this debt collection operation, its owners, and managers are required to pay $4 million and are permanently banned from the debt collection industry. This resolves an earlier lawsuit filed against the operation by Attorney General James and CFPB. ...

Is Letitia James shutting down an illegal debt collection scheme?

BUFFALO – New York Attorney General Letitia James today announced she is shutting down an illegal debt collection scheme operating in western New York and recovering $1.2 million in penalties and restitution for victims. ...